Al Rasheed board proposes 20% cash dividend for H2 2024

Logo of Mohammed Hadi Al Rasheed and Partners Co.
Mohammed Hadi Al Rasheed and Partners Co.'s board of directors recommended distributing a cash dividend at 20% of capital, or SAR 2 per share, for the second half of 2024, the company said in a statement to Tadawul today, April 7.
|
Dividend Details (H2 2024) |
|
|
Current Capital |
SAR 120 mln |
|
No. of Shares |
12 mln |
|
Share Par Value |
SAR 10/share |
|
Total Dividend |
SAR 24 mln |
|
Percentage of Capital |
20% (SAR 2 per share) |
|
Record Date |
Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the general assembly’s date. |
|
Payment Date |
To be announced after holding the company's general assembly. |
|
Total Distributions for 2024 |
|
|
Total Dividend |
SAR 48 mln |
|
Percentage of Capital |
40% (SAR 4 per share) |
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